Hedera Integrates Chainlink's Data Feeds and Proof of Reserve for DeFi and Tokenized RWAs

The Hedera (HBAR) team announced on Dec. 16 that Chainlink (LINK)’s Data Feeds and Chainlink Proof of Reserve were now live on the Hedera mainnet.

Hedera (HBAR) announced on Friday the integration of Chainlink’s (LINK) Data Feeds and Chainlink Proof of Reserve on the Hedera mainnet.

This integration aims to provide developers on the Hedera network with access to high-quality data and proof-of-reserve verification, which is crucial for the growth of decentralized finance (DeFi) and tokenized real-world assets (RWAs).

According to a blog post by Hedera, developers can now utilize Chainlink’s data technology for DeFi and tokenized RWA projects. This follows the recent key partnership between HBAR Foundation and Chainlink, with Chainlink joining the Chainlink Scale program.

The integration will enable developers to leverage Chainlink’s high-quality data aggregation, secure node operations, and decentralized infrastructure. Moreover, users will gain programmatic utility with on-chain reserve data.

“By making the Chainlink standard available to our developer ecosystem, we can enable increased access to high-quality, tamper-proof data backed by decentralized infrastructure, which is mission-critical for building secure DeFi applications and scalable tokenized assets.”

Elaine Song, Vice President of Strategy at The HBAR Foundation

Chainlink is renowned for its leadership in on-chain finance and cross-chain interoperability, having forged partnerships with a vast array of crypto and traditional finance companies. Its oracle network secures over $17 trillion in value across blockchain transactions.

Apart from Hedera, Chainlink’s data standards and proof-of-reserve technology power other major DeFi protocols, including Aave, Lido, and GMX. Traditional financial institutions, such as Fidelity, Swift, UBS, and ANZ Bank, also utilize Chainlink’s technology.